A Tennessee federal judge issued a stay in a consolidated investor class action accusing health program company Tivity Health of misleading investors about its $1.3 billion acquisition of weight-loss meal delivery company Nutrisystem, giving Tivity time to appeal the certification of class for a second time.
AG Mortgage Investment Trust Inc., a real estate investment trust managed by Angelo Gordon & Co., said on Thursday that it had submitted a competing offer to acquire fellow REIT Western Asset Mortgage Capital Corp. for $9.88 per share, following an announcement that WMC would merge with Terra Property Trust Inc.
A group of Democratic lawmakers are urging the U.S. Department of Defense to thoroughly review a planned merger between defense contractor L3Harris and rocket and missile propulsion maker Aerojet, saying the deal could harm the U.S.'s ability to replenish weapons, such as those being sent to aid Ukraine.
South Africa's Competition Tribunal cleared the proposed $68.7 billion merger between Microsoft and video game company Activision Blizzard, as the combination continues to undergo scrutiny in the United States and the United Kingdom.
The U.S. Commodity Futures Trading Commission announced a $150,000 penalty against investment management company Challenger Life on Thursday for exceeding federal and exchange spot month speculative position limits for platinum futures contracts, marking the first fine under a rule aimed at curbing speculators' ability to distort commodity prices.